Data indicate a continuously growing and dynamic Investments Funds sector in Cyprus

Data released by the Cyprus Securities and Exchange Commission, CySEC, showcase a continuously growing and dynamic Investments Funds sector in the island with a marked quarterly increase of up to 9%, according to the Cyprus Investements Funds Association (CIFA).

In a statement CIFA said that according to the statistics published by the regulator, in H1 2021, the Assets under Management (AuM) of Collective Investments reached €10.7 billion, a record high which translates into a 9% quarterly increase compared to the previous quarter.

Source: Cyprus news Agency

Ministers of Education of Bahrain and Cyprus decide action for common activities

Education, Culture, Sports and Youth Minister, Prodromos Prodromou held a teleconference on Sunday with Bahrain’s Youth and Sports Affairs Minister Aymen Almoayed, in the framework of the President of the Republic’s official visit to Bahrain.

A press release issued by the Cypriot Ministry said Prodromou underlined the two ministries are conducting efforts to strengthen and further develop relations and this is evident by the president’s visit to Bahrain and his cooperation with King Hamad bin Isa Khalifa.

The two Ministers discussed ways to strengthen relations, especially between young people at a practical level as well as exchange of experiences and know-how.

Source: Cyprus news Agency

Nicosia calls on Turkey to pay outstanding compensation to Greek Cypriot property owners

Cyprus points to Turkey’s “blatant disregard of its legal obligations” to comply with judgements issued by the European Court of Human Rights in relation to outstanding compensation in Greek Cypriot property cases. Nicosia notes in particular that Ankara’s outstanding debt, as compensation for the loss of use, exceeds €50 mln in the “Xenides-Arestis” group of cases alone.

In a memorandum to the Committee of Ministers of the Council of Europe, sitting on September 14-16, the Republic of Cyprus says that compensation, which fell due in 33 cases of the “Xenides-Arestis” group, remains unpaid, while the examination of the individual measures of Titina Loizidou, a Greek Cypriot who applied for her property in Kyrenia, is also pending.

Source: Cyprus news Agency

Commission approves 22 million for wastewater collection system in Cyprus villages

The European Commission announced Monday that it had approved a 22 million euros investment from the Cohesion Fund for the construction of wastewater collection networks in the Kokkinochoria area in Cyprus.

The investment concerns the second phase of the Kokkinochoria Complex Sanitation System. The first phase of the project was completed during the 2007 – 2013 cohesion funding period with an EU investment of over 30 million euros.

Source: Cyprus news Agency

?otal government employment reached 52,321 persons this August

In August 2021 total government employment increased by 175 persons (0.3%) in comparison to the corresponding month of 2020 and reached 52,321 persons, according to figures released Monday by CyStat, the Statistical Service of Cyprus.

Permanent staff decreased by 948 persons (3.4%), from 27,516 to 26,568 persons. Casual staff increased by 1,225 persons (7.6%) and reached 17,276 persons, compared to 16,051 persons in August 2020.

Compared to August 2020 an increase is observed in all three categories, with the highest in Education staff (1.1%). In all three categories of permanent staff there is a decrease and the highest is observed in Education staff (3.8%).

On the contrary, in all three categories of casual staff there is an increase and the highest is observed in Education staff (13.4%).

Compared to July 2021, a decrease is o

Source: Cyprus news Agency

President Anastasiades informed on the course of Bahrain investment programmes

President of the Republic of Cyprus Nicos Anastasiades was informed on Monday on the course of the investment programmes carried out by Bahrain’s Economic Development Council.

A presidency statement said President Anastasiades, on an official visit to Bahrain, was accompanied by Foreign Affairs Minister Nikos Christodoulides, Energy, Commerce and Industry Minister Natasa Pilides, Agriculture, Rural Development and Environment Minister Costas Kadis, Tourism Deputy Minister Savvas Perdios and Government Spokesperson Marios Pelekanos.

President Anastasiades and the Cypriot entourage were informed by the Council’s director, Khalid Embrahim Humaidan on the course of the investment programmes and its future actions, as well as the fundamental priority sectors of the council which include telecommunications, tourism, construction, education, health services, finan

Source: Cyprus news Agency

House President stresses need for immediate resumption of Cyprus talks

Cyprus House President, Annita Demetriou, said on Monday that the Greek Cypriot side wants the immediate resumption of the negotiations aiming to the settlement of the Cyprus problem on the basis of the agreed framework, the UN Security Council relevant resolutions and the European principles and values.

Demetriou, who received the Ambassador of Lebanon to Cyprus, Claude El Hajal thanked the latter for the position of principles and the support of Lebanon as regards the Cyprus problem, particularly in light of the new Turkish provocations in the fenced off city of Famagusta.

“We, as the EU and the international community in general, will not accept positions which are outside the agreed UN framework for a Cyprus settlement, as the partitionist positions promoted by Turkey for a `two state` solution,” Demetriou noted.

Source: Cyprus news Agency

Cyprus President Anastasiades begins official visit to Bahrain

Cyprus President Nicos Anastasiades is in Bahrain on an official visit during which an MoU on Financial and Technical Cooperation and a Visa Waiver Agreement for diplomatic, special and official passports are expected to be signed.

Upon his arrival at Bahrain International Airport, on Sunday, the President was received by the Minister of Foreign Affairs, Dr. Abdullatif bin Rashid Al Zayani and the Minister of Youth and Sports Mr.

Source: Cyprus news Agency

New York to decide about a trilateral meeting on Cyprus, Spehar says

It is for the United Nations in New York to decide about a trilateral meeting between the UN Secretary General, Antonio Guterres, and the two leaders in Cyprus, the UNSG`s outgoing Special Representative in Cyprus said on Monday, after a farewell meeting she had with the Turkish Cypriot leader, Ersin Tatar.

Spehar said that she thanked Tatar and his colleagues for their cooperation. “We discussed the upcoming UN General Assembly and “the fact this is always an important opportunity every year to engage with the UN Secretary General,” she noted.

Source: Cyprus news Agency

Cyprus President meets King of Bahrain, agreement and MoU were signed

The President of the Republic Nicos Anastasiades met Monday with the King of Bahrain Hamad bin Isa Khalifa, in the framework of his official visit to Bahrain and discussed among other things the situation in the Eastern Mediterranean, the developments on the Cyprus problem and bilateral relations.

According to a press release by Cyprus Presidency, President Anastasiades was officially welcomed at the Gudhaibiya Palace by King Hamad bin Isa Khalifa, while a coat of arms guard was paying honours and the National Anthems of the two countries were performed.

Later on the President of the Republic and the King of Bahrain held official talks with the participation of the delegations of the two countries.

Source: Cyprus news Agency